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PhysicsWallah IPO Listing: Shares Jump 33%, Here’s What Investors Earned Per Lot

PhysicsWallah IPO Listing opened at a strong 33% premium, listing at ₹145 against the issue price of ₹109. The IPO was subscribed 1.81 times, backed by strong institutional demand and robust expansion plans.

authorImagePriyanka Dahima18 Nov, 2025
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PW IPO Listing

PhysicsWallah IPO Listing 2025 – A Strong Market Debut

The PhysicsWallah IPO Listing created a buzz across the market as the stock opened at ₹145 on NSE, reflecting a 33.03% listing premium over its issue price of ₹109. On the BSE, the stock debuted at ₹143.90, up 32.02%.

By 12:42 PM, the share price climbed to ₹150.40, extending the early listing gains.

This impressive debut highlights strong investor confidence in the fast-growing edtech platform known for its unique hybrid-teaching model and rapidly expanding offline network.

PW IPO Structure: Fresh Issue + Offer for Sale

The initial public offering (IPO) was launched by PW on November 11 and concluded on November 13. Today, November 18, 2025, was PhysicsWallah's initial public offering (IPO) date. The stock was listed on both the BSE and NSE.

The PhysicsWallah IPO received 1.81 subscriptions overall. Through a combination of a fresh issue of 28.45 crore equity shares valued at ₹3,100.71 crore and an offer-for-sale (OFS) of 3.49 crore shares, totalling ₹380 crore, the company raised ₹3,480.71 crore through the book-build issue, which included:

  • ₹3,100 crore – Fresh Issue

  • ₹380 crore – Offer for Sale (OFS)
    by promoters Alakh Pandey and Prateek Maheshwari

Price Band: ₹103 to ₹109 per share

The funds from the fresh issue will be deployed across multiple expansion and tech-infrastructure plans.

PhysicsWallah IPO Subscription Breakdown

The IPO was subscribed 1.81 times, with strong interest from institutional investors.

Category Subscribed
Qualified Institutional Buyers (QIBs) 2.70×
Retail Investors 1.06×
Non-Institutional Investors 0.48×
Overall 1.81×

Despite moderate retail participation, the QIB enthusiasm ensured a healthy listing premium.

Why the PhysicsWallah IPO Listing Attracted Investors

Several factors contributed to the strong debut:

  • Dominant foothold in test prep for NEET, JEE, GATE, and government exams

  • Offline + hybrid expansion model, winning student trust across India

  • High operational efficiency, enabling low-cost yet high-quality education

  • Strong brand recall driven by founder Alakh Pandey

  • Growing demand for blended learning formats

These combined to create massive pre-listing enthusiasm.

PhysicsWallah IPO Listing FAQs

What was the PhysicsWallah IPO Listing price?

The stock is listed at ₹145 on NSE and ₹143.90 on BSE, about 33% above the issue price.

How much profit did investors earn per lot?

Investors earned approximately ₹19,865 per lot depending on exit price.

What was the lot size for the PhysicsWallah IPO?

One lot consisted of 137 shares.

How much was the IPO subscribed?

The IPO received 1.81× overall subscription.

Why did PhysicsWallah’s IPO perform so well?

Strong QIB demand, expansion potential, brand strength, and hybrid learning adoption drove the premium.

What will PhysicsWallah use the IPO funds for?

Expansion of hybrid centres, marketing, cloud infrastructure, and investments in subsidiaries like Utkarsh and Xylem.
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Physics Wallah is an Indian edtech platform that provides accessible & comprehensive learning experiences to students from Class 6th to postgraduate level. We also provide extensive NCERT solutions, sample paper, NEET, JEE Mains, BITSAT previous year papers & more such resources to students. Physics Wallah also caters to over 3.5 million registered students and over 78 lakh+ Youtube subscribers with 4.8 rating on its app.
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Physics Wallah's main focus is to make the learning experience as economical as possible for all students. With our affordable courses like Lakshya, Udaan and Arjuna and many others, we have been able to provide a platform for lakhs of aspirants. From providing Chemistry, Maths, Physics formula to giving e-books of eminent authors like RD Sharma, RS Aggarwal and Lakhmir Singh, PW focuses on every single student's need for preparation.
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Physics Wallah strives to develop a comprehensive pedagogical structure for students, where they get a state-of-the-art learning experience with study material and resources. Apart from catering students preparing for JEE Mains and NEET, PW also provides study material for each state board like Uttar Pradesh, Bihar, and others
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